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PPP Loan Data — Children's Home Of Wyoming Conference, Binghamton, NY

SBA PPP loan data, payroll data, and salaries for Children's Home Of Wyoming Conference
NY Nonprofit Organization

Children's Home Of Wyoming Conference

Entity: Non-profit Organization

Industry: Other Residential Care Facilities

Location: Binghamton, NY

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Children's Home Of Wyoming Conference is a non-profit organization located at 1182 Chenango St in Binghamton, New York that received a Coronavirus-related PPP loan from the SBA of $4,009,450.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.01M

Jobs Retained:

472

Loan Approved:

2020-04-28

Lender:

NBT BANK, NATIONAL ASSOCIATION

Children's Home Of Wyoming Conference in Binghamton, NY received a Paycheck Protection Loan of $4.01M through NBT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Children's Home Of Wyoming Conference's total 2019 payroll expenses were approximately $19.25M in order to qualify for the PPP loan amount received.

Based on their reported 472 jobs retained, this equals an estimated average yearly compensation of $40,774 per employee1.

Because the loan received by Children's Home Of Wyoming Conference is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Children's Home Of Wyoming Conference in Binghamton, NY

Children's Home Of Wyoming Conference
1182 Chenango St
Binghamton, NY 13901

Business Industry

Other Residential Care Facilities (NAICS code 623990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-22

Industry PPP Comparison Statistics

Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 29 employees, 94% lower than Children's Home Of Wyoming Conference's reported 472 employees, and received an average PPP loan of $247,346, 94% lower than this company's loan of $4.01M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/childrens-home-of-wyoming-conference-binghamton-ny